OREANDA-NEWS. October 12, 2012. ICBC has been awarded CT (Corporate Treasurer)'s award as the "Best Cash Management House in China", at the 2012 "The Corporate Treasurer Alliance Awards" hosted by the magazine. Before this, for five consecutive years ICBC has been named "Best Cash Management Bank in China" by FinanceAsia, reported the press-centre of ICBC. 

CT is a special magazine set up by FinanceAsia in 2012 with a focus on corporate treasury and cash management in banks. This year, ICBC competed and edged ahead all other Chinese banks and foreign banks (HSBC, Citibank) on domestic cash management services, a testament to the quality and market leadership of ICBC's cash management services in China, and a confirmation from international institutions and industry veterans to ICBC's cash management services. Winning the award enables ICBC to reinforce its market dominance and brand value as the "No.1 Settlement and Cash Management Bank".

ICBC is the largest cash management bank in China by securing over 747,000 customers as of end of June, 2012. The next move of ICBC, as related by an executive with the Bank, is to bolster cooperation with many large, top-of-the-class enterprises in China in cash management and extend the services worldwide in a bid to provide more and premium financial services to the customers.